Overview
What is Farmers Electric Charitable Foundation?
Farmers Electric Charitable Foundation is a nonprofit organization based in Greenville, Texas. Its primary mission is to collect and distribute funds for charitable purposes, specifically within the service areas of Farmers Electric Cooperative, encompassing various counties in Texas such as Dallas, Collin, Rockwall, Hunt, Hopkins, Kaufman, Rains, Delta, Franklin, Fannin, Van Zandt, and Wood. In 2022, the foundation generously donated a total of $244,500 to 28 diverse charitable organizations and an additional $99,296 to assist financially struggling individuals with their utility bills.
Official website here: www.farmerselectric.coop
Is Farmers Electric Charitable Foundation legitimate?
Farmers Electric Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farmers Electric Charitable Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.farmerselectric.coop
What is the mission statement of Farmers Electric Charitable Foundation?
The Farmers Electric Charitable Foundation's primary mission involves the collection and distribution of funds for charitable purposes. This mission scope extends to various organizations within the counties that fall under the service territory of Farmers Electric Cooperative, Inc. The specific counties include Dallas, Collin, Rockwall, Hunt, Hopkins, Kaufman, Rains, Delta, Franklin, Fannin, Van Zandt, and Wood, located in Texas. The foundation demonstrates its commitment by donating funds to these charitable organizations and individuals in need, as evidenced by the $244,500 donated to 28 organizations and an additional $99,296 to assist individuals with their utility bills in 2022.
Official website here: www.farmerselectric.coop
What is the revenue of Farmers Electric Charitable Foundation?
Farmers Electric Charitable Foundation's revenue in 2023 was $419,884.
Official website here: www.farmerselectric.coop
Who are the executives of Farmers Electric Charitable Foundation and what are their salaries?
There 9 volunteers at Farmers Electric Charitable Foundation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $26,007
- Other: $0
- Compensation: $0
- Related: $26,007
- Other: $0
- Compensation: $0
- Related: $26,993
- Other: $0
- Compensation: $0
- Related: $28,229
- Other: $0
- Compensation: $0
- Related: $28,465
- Other: $0
- Compensation: $0
- Related: $25,873
- Other: $0
- Compensation: $0
- Related: $31,142
- Other: $0
- Compensation: $0
- Related: $28,479
- Other: $0
- Compensation: $0
- Related: $30,083
- Other: $0
- Compensation: $0
- Related: $662,418
- Other: $180,924
Official website here: www.farmerselectric.coop
Where can I find the form 990 for Farmers Electric Charitable Foundation?
Farmers Electric Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.farmerselectric.coop
Learn more at the official website: www.farmerselectric.coop
Mission Statement of Farmers Electric Charitable Foundation
The Farmers Electric Charitable Foundation is an organization dedicated to collecting and distributing funds for charitable purposes. Its mission extends to the counties within the service territory of Farmers Electric Cooperative, Inc., encompassing Dallas, Collin, Rockwall, Hunt, Hopkins, Kaufman, Rains, Delta, Franklin, Fannin, Van Zandt, and Wood counties in Texas. The foundation's primary role is to accumulate funds and disburse them to various charitable organizations, as well as provide financial assistance to individuals in need, specifically with their utility bills. In 2022, the foundation donated a substantial sum of $244,500 to 28 different charitable organizations and $99,296 to individuals in need of utility bill assistance. This demonstrates the foundation's commitment to improving lives and communities within its designated service area.
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Impact
October, 2024
Farmers Electric Charitable Foundation has made significant contributions to the well-being of communities within the Farmers Electric Cooperative service area. In 2022 alone, the foundation donated $244,500 to 28 different charitable organizations, supporting a variety of local initiatives that benefit residents across multiple counties in Texas, including Dallas, Collin, Rockwall, and others. Additionally, it provided $99,296 directly to individuals in need, helping them with their utility bills during challenging times. This impactful financial support underscores the foundation's commitment to enhancing the quality of life for individuals and families in the region, ensuring that essential services and resources are accessible to those who require assistance.
This information is meant to be a general summary of Farmers Electric Charitable Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,033
- Gross Receipts: $419,884
Assets and Liabilities:
- Total Assets: $261,498
- Total Liabilities: $0
- Net Assets: $261,498
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Organization Details
Founding Year
2007
Principal Officer
Mark Stubbs
Website
www.farmerselectric.coopNTEE Category
Code: T30 - Philanthropy
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